Aurangzeb reassures small and medium enterprises of support

Fina­nce Minister Muhammad Aurangzeb on Thursday reaffirmed the government’s steadfast commitment to supporting small and medium enterprises (SMEs). The minister acknowledged the necessity of making difficult decisions to stabilise the economy, recognising their impact on businesses and individuals. According to a press release, the minister stated this during a visit to the Sialkot Chamber of Commerce and Industry (SCCI) for an interactive session with the business community of the city. He was accompanied by Minister for Defence Kha­waja Muhammad Asif and Minister of Commerce Jam Kamal Khan. The finance minister emphasised the critical importance of enhancing Pakistan’s tax-to-GDP ratio from the current 10.3 per cent to an optimal 13-14pc in alignment with acceptable benchmarks.